Tag: health insurance pool

After experiencing claims that have now totaled twice the average for the country, the struggling high-risk health insurance pool in Colorado has now asked the federal government for additional funding of almost $15 million more than originally anticipated. Colorado has already received $90 from a total pool of $5 billion in federal money for assistance in carrying out an element of the country’s healthcare reform which involved insuring high-risk uninsurable individuals. The funds were meant to hold out until the insurance regulations are fully in place in 2014, at which…

Missouri officials have announced that they will be decreasing the rates for the high risk healthcare pool by 23 percent for both current and new participants in the program. In 2010, Missouri created a new health insurance pool for the highest risk group, but though it was anticipated that there would be about 3,000 people who joined the program, less than 600 have done so, as many claim that the premiums are simply too expensive. The reduction in the rates are being made possible by both federal funds and policyholder…

Insurance regulators in New Hampshire have been clashing with a non-profit organization known as the Local Government Center (LGC). The dispute is centered on how the LGC manages health insurance risk pools for state employees and retirees. The Bureau of Securities Regulation has been investigating the operations of the organization and has released a final report regarding the issue. According to the report, taxpayers may be receiving a big refund from the LGC in the coming months. The report shows that the LGC has merged with several smaller corporations in…